First Time Homebuyer Exemption Information


CORONOVIRUS ALERT
 
First-time homebuyer exemption forms and septic rebate forms may be picked up and dropped off at the CPF Office in Hampton Bays. The vestibule is open for this purpose from 7:30 am – 4:00 pm.  When forms or checks are ready for pick-up, you will be notified.  The rest of the office remains closed to the public.  Thank you for your cooperation.

The exemption must be applied for at least one week before your closing. You must provide the signed and approved exemption application to your attorney prior to acquiring your home.

First Time Home Buyer Exemption Information 

  • Income limit - $151,920
  • Purchase price limit - $815,808* (*120% of $679,840) 
  • Approval usually takes two to three days
  • Paperwork must be delivered to the Community Preservation Fund (CPF) Office and we will call you when it is ready.

Exemption Documents

Access the following documents regarding the exemption:

Printable Forms & Applications